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3600 State Route 35
Hazlet, NJ 07730

$2,080,924 USD

Freestanding For Sale  •  12,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,000 SF
  • Lot Size 0.38 AC
  • Building Class B
  • Year Built 2002
  • Cap Rate 8.65 %
  • Tenancy Single
  • Zoning BH
0 Transit Score
62 Walk Score

Highlights

Leasehold ownership structure creates excellent after tax returns due to the owner’s ability to depreciate the improvements 100%
Corporately guaranteed by Dollar Tree, an investment grade credit tenant rated BBB- by Standard & Poor’s
Dollar Tree recently extended their lease for the third time showing a strong commitment to this location
Ideally situated in front of an established Home Depot and in close proximity to CVS, Stop & Shop, Advance Auto, Dunkin’ Donuts, IHOP and 7-Eleven
The ground lease has over 71 years remaining on the base term with an annual rent of only $1
Highly desirable Northern NJ/NYC MSA real estate and demographics, less than 22 miles from Manhattan
Cap Rate: 8.65 %

Amenities

  • Freeway Visibility

Public Transportation

Commuter RailDriveWalkDistance
Hazlet (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit)) 2 min - 0.9 mi
Aberdeen Matawan (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 2.2 mi
AirportDriveWalkDistance
Newark Liberty International 39 min - 28.2 mi
Laguardia 68 min - 45.6 mi
John F Kennedy International 71 min - 48.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.